Question 10 of 20: Select the best answer for the question. 10. A trial balance indicates that the debit total exceeds the credit total by $63. Which of the following errors is the most probable source of the discrepancy? OA. An asset with a balance of $63 was mistakenly entered in the ledger as a credit for that amount. Instead of a debit OB. An asset with a balance of $670 was mistakenly entered in the ledger as a $607 debit OC. A liability with a balance of $63 was mistakenly entered in the ledger as a debe for that amount instead of a credit. OD. A liability with a balance of $970 was mistakenly entered in the ledger as a $907 credit. Mark for review (Will be highlighted on the review page) Previous Question Type here to search Next Question Jy O Et
Question 10 of 20: Select the best answer for the question. 10. A trial balance indicates that the debit total exceeds the credit total by $63. Which of the following errors is the most probable source of the discrepancy? OA. An asset with a balance of $63 was mistakenly entered in the ledger as a credit for that amount. Instead of a debit OB. An asset with a balance of $670 was mistakenly entered in the ledger as a $607 debit OC. A liability with a balance of $63 was mistakenly entered in the ledger as a debe for that amount instead of a credit. OD. A liability with a balance of $970 was mistakenly entered in the ledger as a $907 credit. Mark for review (Will be highlighted on the review page) Previous Question Type here to search Next Question Jy O Et
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
Section: Chapter Questions
Problem 31RQSC
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